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Newfield Exploration Co. Message Board

  • volcanman volcanman Jun 18, 2014 6:12 PM Flag

    Big after hours trade

    About 150,000, maybe 200,000 shares traded supposedly at the market in minutes after the close. Drives the price down 0.53. Not really important, but always wonder how this happens. MY guess is that an order placed with the market make during the day had him/her buying to fill this order particularly in the late afternoon. Price recorded for buys is equal to ave price M.M paid plus fees. Have heard before this is how a big buyer (or seller) gets out of a position. Any opinions? Is this reasonable? Whatever the explanation, does not change my intention to hold my large position until price gets to $50 range later in this year.

    Sentiment: Strong Buy

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